News published on Globe Banner in June 2025

News from June 2025


S&P Global Director on reciprocal exchanges: 'No significant difference in risk approach'

Patricia Kwan, director of financial services ratings for North America insurance at S&P Global, said reciprocal insurance exchanges operate much like traditional insurers in terms of risk management, regulatory oversight, and reinsurance.


Tiananmen Square Massacre anniversary marked by Secretary Rubio

In a statement released on June 3, 2025, U.S. Secretary of State Marco Rubio commemorated the 36th anniversary of the Tiananmen Square Massacre.


USS Blue Ridge concludes port visit in Sydney amid strengthened US-Australia naval ties

The USS Blue Ridge, the flagship of the U.S. 7th Fleet, departed Sydney after a scheduled port visit from May 26 to May 31, 2025.


AI aids discovery of non-cancer drugs' potential against cancer cells

An innovative approach to drug discovery has emerged from a collaboration between an artificial intelligence (AI) model and human scientists.


Americans' financial concerns rise sharply amid economic uncertainty

Concerns about financial stability have increased among Americans, according to the BMO Real Financial Progress Index.


Toyota emphasizes inclusivity at Special Olympics Summer Games

Toyota Motor Europe (TME) is emphasizing inclusivity at the Special Olympics Summer Games in Belgium.


U.S. Embassy warns citizens of planned demonstration in Copenhagen

A demonstration is scheduled to take place in Copenhagen, Denmark, on Saturday, June 7.


U.S. Embassy launches podcast to connect Botswana and U.S

The U.S. Embassy has introduced a new podcast titled "Dumela, America," aiming to foster connections between Botswana and the United States.


U.S. Embassy hosts sports diplomacy brunch with Botswana volleyball community

On May 30, 2025, the U.S. Embassy in Gaborone hosted a brunch event to celebrate a sports diplomacy exchange between Botswana and the United States.


CISM partners with Space Forge for advanced semiconductor technology

Under a new agreement, Space Forge, based in South Wales, will become the first incubation client at the Centre for Integrative Semiconductor Materials (CISM).


U.S. commemorates Tiananmen Square Massacre on its 36th anniversary

The U.S. Department of State issued a statement on the eve of the 36th anniversary of the Tiananmen Square Massacre, commemorating the events that unfolded in Beijing in 1989.


U.S.-funded research merges drones, AI, and tracking for conservation in Botswana

The U.S. Embassy’s Defense Attaché Office recently visited Professor Rodrigo S. Jamisola Jr. at the Botswana International University of Science & Technology (BIUST) to evaluate the progress of a research project funded by the U.S. Army.


Bank of America's CEO to speak at Morgan Stanley conference

Bank of America has announced that its Chair and CEO, Brian Moynihan, will participate in the Morgan Stanley US Financials Conference scheduled for June 11.


Bitget forced to payout $20M after abnormal trading activity of VOXELUSDT futures

Bitget announced that it identified abnormal trading activity of the VOXEL/USDT perpetual futures contract and was forced to suspend multiple accounts amid suspected market manipulation.


Florida Office of Insurance Regulation reports underwriting profit and a considerable jump in operating income

The Florida Office of Insurance Regulation has announced that the state's personal property insurance market reported an underwriting profit and a significant increase in operating income for 2024, according to a report by the AM Best rating and...



Hegseth meets with Vietnamese counterpart to discuss defense cooperation

On May 31, Secretary of Defense Pete Hegseth met with Vietnam’s Minister of National Defence General Phan Van Giang.


Attempted terrorist attack reported near Martyrs Shrine in Munyonyo

There are reports of an attempted terrorist attack near the Martyrs Shrine in Munyonyo, Kampala.


U.S. Government requests quotes for AC servicing at leased residences

The U.S. Government has issued a request for quotes for the servicing of air conditioning units located in its leased residences.


U.S. Embassy in Suva seeks quotes for diesel fire pump repairs

The U.S. Embassy in Suva has announced a request for quotation (RFQ) for repairs to its diesel fire pump.